SUMMARY OF TOP 20 MOST PROFITABLE COMPANIES
America’s 20 most profitable companies in 2010 are a mix of surprises and what would have been unexpected results in 2008 and 2009. Notably missing with the exception of GE are light and heavy manufacturing companies. Surprising some observers are the results of the banking sector represented in the top 20 by J.P. Morgan-Chase, Wells Fargo, and Citi Bank, all of which had terribly rough years in 2008 and not much better in 2009.
Not too surprising is the presence on the top 20 list of oil and gas represented by Exxon who won the top spot and Chevron followed as number 3, and ConocoPhillips followed in the 16th spot.
Computer related companies made the list as expected with AT&T at number 2, Microsoft at 4, Apple at 8, Intel is 15, and Hewlett-Packard is 18.
Consumer purchases enabled Wal-Mart to land in the number 6 spot but it was a hard landing with the retail giant’s trend being lower sales and lower profits. Johnson and Johnson came in at number 9, Proctor & Gamble at 11, and soft drink giant Coca-Cola achieving number 13.
A lot of these companies were also voted as some of the best companies to work for. Some of the company employee benefits programs. such as Google, include the standard health, dental and vision care but random perks including messages, basketball courts, free day care and a gym are what makes this company standout against others.
NOTEWORTHY COMMENTS ON NOTEWORTH COMPANIES
Banking
J.P. Morgan, Wells Fargo and Citi Bank demonstrated remarkable resilience in their comeback from near collapse.
Consumer Oriented Companies
Wal-Mart has clearly been weakened by a recovery that doesn’t seem to be headed their way.
Johnson & Johnson came through a rough year but they will need to win back a lot of consumer confidence.
Proctor & Gamble growing concern over consumers who are leaving the P&G name products.
Coca-Cola is consumer driven and the consumers are apparently buying.
Computer Related Companies
All of these companies that are in the top 20 are not surprising, but it is interesting that consumers are spending for these products as much as they are. These profits raise the question about whether it is the high income segment that has the money or other people find the products so attractive that they find a way to buy them.
THE COMPANIES AND THEIR PROFITS-IN BILLIONS
1. Exxon $30.5
2. AT&T $19.8
3. Chevron $19.0
4. Microsoft $18.8
5. J.P. Morgan $17.4
6. Wal-Mart $16.4
7. IBM $14.8
8. Apple $14.0
9. Johnson & Johnson $13.3
10. Berkshire Hathaway $13.0
11. Proctor & Gamble $12.7
12. Wells Fargo $12.4
13. Coca-Cola $11.8
14. General Electric $11.6
15. Intel $11.5
16. ConocoPhillips $11.4
17. Citigroup $10.6
18. Hewlett-Packard $8.8
19. Google $8.8
20. Goldman Sachs $8
The top 20 is a list of surprises in the strength of consumer driven companies.




